FX.co ★ U.S. July PPI Eases to 4.7% Year-on-Year, Signaling Further Cooling in Producer Inflation

The U.S. Producer Price Index (PPI) rose 4.7% year-on-year in July 2026, easing from a 5.5% increase recorded in June 2026, according to the latest data updated on 13 August 2026. The figures reflect a continued deceleration in producer-level inflation pressures across the economy.

On a year-over-year comparison basis, July’s reading means that producer prices were 4.7% higher than in July a year earlier, while June’s 5.5% print measured the change versus June of the previous year. The step down from June to July points to a moderation in cost pressures faced by businesses, which can influence future consumer prices, profit margins, and monetary policy expectations.

Market participants and policymakers closely watch the PPI as an early gauge of inflation trends moving through the production pipeline. The latest slowdown in PPI growth may be interpreted as a sign that upstream price pressures are easing, potentially relieving some of the inflationary strain that has weighed on the broader U.S. economy.